SNX Synectics Plc

TIDMSNX

RNS Number : 3238F

Synectics PLC

06 March 2020

Synectics plc

("Synectics" or the "Company")

Director/PDMR dealings

6 March 2020

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces that on 3 March 2020, Iain Stringer, a PDMR of the Company, exercised options over shares which had vested under the performance criteria of its Performance Share Plan ("PSP"), and sold sufficient shares at a price of GBP1.47655 per share to cover the immediate tax liability on exercise of the options. The balance of 7,210 shares respectively were transferred into his own name.

 
 Name             Position               Status    PSP options   Shares retained   Shares sold 
                                                     exercised       in own name 
                  Divisional 
                   Director Synectics 
 Iain Stringer     Mobile Systems        PDMR           12,500             7,210         5,290 
                 ---------------------  --------  ------------  ----------------  ------------ 
 

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2018.

Interests in Shares

Following this transaction, the interests of Iain Stringer in the shares of the Company are as follows:

 
 Name             Shares Held      Interest in         Resultant      % of Issued 
                                     Shares in    Total Interest    Share Capital 
                                 Share Schemes 
 Iain Stringer          7,210           10,000            17,210             0.01 
                 ------------  ---------------  ----------------  --------------- 
 

For further information, please contact:

Synectics plc

Claire Stewart, Company Secretary

   Tel: +44(0)   114 280 2828 

Shore Capital

Tom Griffiths / Henry Willcocks

Tel: +44 (0) 20 7408 4050

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Names                             Iain Stringer 
      --------------------------------  ----------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------- 
 a)    Position/status                   PDMR 
      --------------------------------  ----------------------------------- 
 b)    Initial notification /Amendment   Initial Notification 
      --------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------- 
 a)    Name                              Synectics plc 
      --------------------------------  ----------------------------------- 
 b)    LEI                               213800C1F7YZH96U2Z49 
      --------------------------------  ----------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------- 
 a)    Description of the financial      Ordinary Shares of 20p each 
        instrument, type of instrument 
      --------------------------------  ----------------------------------- 
 b)    Identification code               GB0007156838 
      --------------------------------  ----------------------------------- 
 c)    Nature of the transaction         Exercise of options and subsequent 
                                          on-market sale of shares 
      --------------------------------  ----------------------------------- 
 d)    Price(s) and volume(s)             Price(s)         Volume(s) 
                                           Nil (exercise    12,500 shares 
                                            price) 
                                            147655p (sale    5,290 
                                             price) 
                                                           -------------- 
      --------------------------------  ----------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                n/a 
        - Price 
      --------------------------------  ----------------------------------- 
 e)    Date of the transaction           03 March 2020 
      --------------------------------  ----------------------------------- 
 f)    Place of the transaction          London Stock Exchange (XLON) 
      --------------------------------  ----------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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